Booming car sales evidence of easing supply chains

Friday, 8 March 2024

The latest data from the Federal Chamber of Automotive Industries (FCAI) shows that just over 105,000 new cars were delivered in January, a 20.9% increase on January 2023.

Over the year, 1.24 million cars were delivered, the highest number on record:

The breakdown shows that SUVs continue to dominate sales, with 692,500 units delivered in the year to January, or 56% of all vehicle sales:

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.